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<br />ATTACHMENT <br /> <br />ANNUAL REPORT <br /> <br />Pursuant to Section 12 of The Texas Tax Increment Financing <br />Act of 1981, TEX. REV. CIV. STAT. ANN. art. 1066e, §12 (Vernon <br />Supp. 1963-1986), the City Council of San Marcos, Texas, submits <br />the following report: <br /> <br />1. The amount of revenue in the Tax Increment Fund <br />established for Reinvestment Zone Number One, City of San Marcos, <br />Texas is zero. <br /> <br />2. <br />Fund. <br /> <br />There have been no expenditures from the Tax Increment <br /> <br />3. <br /> <br />There is no outstanding bonded indebtedness. <br /> <br />4. The tax increment base of the zone is $2,428,600.00. <br />captured appraised value has been retained by the Zone. <br /> <br />No <br /> <br />5. There is no captured <br />increments have been received. <br /> <br />appraised <br /> <br />value <br /> <br />and <br /> <br />no <br /> <br />tax <br /> <br />6. Pursuant to the tax increment financing plan for the <br />Reinvestment Zone adopted by the City of San Harcos, a Public <br />Improvement Construction and Financing Agreement has been executed <br />between the City of San Marcos, Texas, and Financial Management <br />Group dated May 15, 1985. <br />